Local leaders discuss new tax reduction options for 2023 budget

During the recent meeting of the Hebron Board of Selectmen, discussions centered on the impact of new tax legislation on local residents, particularly concerning vehicle assessments. The board examined the implications of a proposed shift to a 90% down to 20% assessment schedule, which has been adopted by over two-thirds of towns in Connecticut. This change aims to mitigate the immediate tax burden on residents, especially those with older vehicles.

Selectmen expressed concerns about the potential for a significant drop in property values, estimating a $14 million reduction, which could adversely affect the mill rate for personal property and real estate. The board acknowledged the need for a balanced approach to taxation, emphasizing the importance of considering the financial realities faced by residents, particularly those with older cars.

One selectman highlighted the possibility of revisiting the assessment schedule in the future, suggesting a preference for a 15% assessment instead of the current 20%. This change, they believe, would be more beneficial for residents and could alleviate some of the financial pressure stemming from the new tax structure.

The board also noted that tax legislation is subject to annual review and adjustments, which could provide opportunities for further refinements in the future. While the immediate response from residents may not be overwhelmingly positive, the selectmen are committed to ensuring that the community is well-informed about the changes and their implications.

As the town navigates these adjustments, the selectmen remain focused on balancing the needs of the community with the requirements set forth by state legislation, aiming to foster a fair and sustainable tax environment for all Hebron residents.